The main intraday target is the next resistance at 1.3189 - 1.3216. If a pullback from these levels happens next...
GBP/USD broke strong resistance level 1.4240
- GBP/USD broke strong resistance level 1.4240
- Next buy target - 1.4400
GBP/USD recently broke through the strong, multi-month resistance level 1.4240 (which has been reversing the pair from the end of January). The breakout of this resistance level accelerated the active minor impulse wave (iii) – which belongs to the impulse wave 3 from March. GBP/USD is expected to rise toward the next buy target at the next resistance level 1.4400 (intersecting with the weekly up channel from last year).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…